U.S. stock-market futures pointed to opening gains on Wednesday after Netflix posted better-than-expected results and President Donald Trump unveiled an artificial-intelligence infrastructure package.
Dow Jones Industrial Average futures rose 66 points, or 0.2%, to 44304.
S&P 500 futures gained 24 points, or 0.4%, to 6108.
Nasdaq-100 futures increased 174 points, or 0.8%, to 21883.
On Tuesday, the Dow Jones Industrial Average rose 538 points, or 1.24%, to 44026, the S&P 500 increased 53 points, or 0.88%, to 6049, and the Nasdaq Composite gained 127 points, or 0.64%, to 19757.
Netflix late Tuesday lifted its revenue and margin guidance following a quarter in which it added nearly 19 million subscribers. “Netflix enters the new year firing on all cylinders — benefiting from an extremely strong content slate, seeing increased engagement per member household & healthy retention, raising prices in key markets including the U.S., & shifting the ad business from the crawl to walk stage,” said JPMorgan analysts led by Doug Anmuth.
Nvidia and Oracle shares rose as Trump late Tuesday announced a $100 billion AI infrastructure project.
Trump also brought up the subject of tariffs, however, saying China could face new 10% levies as early as Feb. 1. The Hang Seng fell nearly 2% in Hong Kong trade.
The earnings docket include Johnson & Johnson and Procter & Gamble, while the economics calendar is thin.